Amidst a turbulent period for the Japanese yen, marked by significant depreciation and multiple government interventions, U.S. Treasury Secretary Janet Yellen has advised caution regarding further currency interventions. The yen, which was 0.5% weaker recently, has been influenced by various factors, including a soft U.S. jobs report and the wide yield gap between U.S. and Japanese bonds, which has heightened speculation and volatility in currency markets. Japan's top currency diplomat, Masato Kanda, emphasized the government's readiness to intervene again if necessary to stabilize the yen, which has seen interventions as it crossed significant thresholds previously set by the Bank of Japan. The USDJPY pair has been noted to potentially reach 156.00, adding complexity to the intervention dynamics.